Tuesday, November 19, 2019

Waiving a Home Inspection in the LBI Real Estate Market

Waiving a Home Inspection in the LBI Real Estate Market




Buying Long Beach Island Real Estate

The Long Beach Island real estate market has seen an increase in activity over the past several years. Especially in the case of single-family homes, the number of homes sold month by month has shown an upward trend. Increased competition has led to home buyers looking for creative ways to win bidding wars. Waiving a Home Inspection in the Long Beach Island Real Estate Market is a great way to distinguish your offer…but it does carry risks. An inspection free deal is attractive is for several reasons:
  • Not having a home inspection dramatically increases the likelihood of the agreement transacting
  • A buyer may be able to offer a lower price but a “safer” offer
  • A buyer will usually surrender an opportunity to cancel the transaction, depending on how the contract is written.


Wednesday, November 13, 2019

Understanding Homeowner’s Insurance and the LBI Real Estate Market

Understanding Homeowner’s Insurance and the LBI Real Estate Market





Long Beach Island Real Estate

While flood insurance is the most commonly discussed form of protection for both buyers and sellers in the LBI real estate market, in many cases, homeowner’s insurance will be the more significant expense! While it is true that flood insurance can be an expensive bill, the reality is that most homes on Long Beach Island meet or exceed the current base flood elevation requirements. For this reason, it is essential to understand Long Beach Island Real Estate Homeowner’s Insurance and how it can impact the short and long term ownership cost of a home on LBI. Three principal factors determine the cost of homeowner’s insurance in the Long Beach Island real estate market. They are:
  • The location of your home
  • The value of your home
  • The condition of your home

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Tuesday, November 12, 2019

Additions and Renovations in the Long Beach Island NJ Real Estate Market

Additions and Renovations in the Long Beach Island NJ Real Estate Market




Long Beach Island Real Estate

I am often asked about renovations and additions to homes in the LBI real estate market. While building a new home is usually the best investment you can make, there is a place for renovations and additions under the right criteria. There is no question that a home in the Long Beach Island real estate market is a considerable investment. With home prices trending higher, both buyers and sellers are paying close attention to ways to improve their equity position. Here we will discuss the pros and cons of implementing this kind of project. 

Buying in the Long Beach Island Real Estate Market

Understanding how to apply an investment is a crucial step to understanding the LBI real estate market. Knowing what drives value will make you a smarter home shopper. I am happy to discuss the best options for your home from a market perspective so you can have all the information needed to make an informed decision. If you have any questions about buyingselling, or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Sunday, November 10, 2019

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/3/2019-11/10/2019

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 11/3/2019-11/10/2019




Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 11/3/2019-11/10/2019: There were a total of 93 changes to the Long Beach Island real estate market this week. To help understand the dynamics of the LBI real estate market for buyerssellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:
  • 15 new listings entered the market with an average price of $1,079,333
  • 15 listings went under contact with an average listing price of about $968,860
  • 23 properties sold on Long Beach Island with an average price of $888,963
  • 12 listings were either withdrawn of expired in the LBI real estate market
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

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Saturday, October 19, 2019

Long Beach Island NJ (LBI NJ) Real Estate Market and the Benefits of a 20% Down Payment (or more)

Long Beach Island NJ (LBI NJ) Real Estate Market and the Benefits of a 20% Down Payment (or more)



Long Beach Island Real Estate

When looking to buy a home in the Long Beach Island real estate market often times a mortgage will be involved. While it is true that many purchases are cash transactions, especially in the higher price points, understanding financing options is a key step to shopping for a Long Beach Island home. Since the LBI real estate market is primarily a second home market, loans of less than 20% were non-existent until recently. In the past year or so, we have been seeing more and more low down payment loans, some as little as 5% or 10% down. To that end, buyers should understand the advantages of LBI Real Estate Market 20% Down Payments and how they can impact the ownership cost of a home.